Senior Housing Sales

Entries Tagged as 'Senior Housing Sales'

Senior Housing Properties (SNH) 3rd Quarter Shows Strong Results & Activity

November 17th, 2008 · No Comments

Last week, Senior Housing Properties Trust announced its third quarter earnings showing that net income was $29.1 million, or $0.25 per share, for the quarter ended September 30, 2008, compared to net income of $20.6 million, or $0.25 per share, for the quarter ended September 30, 2007. The results include the gain on sale of […]

Aegis Living Purchases Property in Bellevue for New Senior Living Community

November 4th, 2008 · No Comments

Aegis Living, a national leader in retirement, assisted living, and memory care communities, recently announced the recent purchase of a property in Bellevue, Washington. The Bellevue location is the latest addition for the company, which has implemented a growth plan to serve the increasing needs for retirement communities throughout the West Coast. Set to open […]

Will A Higher National Lending Limit for Reverse Mortgages Generate More Interest?

October 10th, 2008 · No Comments

The National Reverse Mortgage Lenders Association recently announced that the Department of Housing and Urban Development (HUD) approved a single national loan limit of $417,000 for federally insured Home Equity Conversion Mortgage (HECM) reverse mortgages. The new, higher lending limit will enable borrowers to obtain a substantially greater benefit from their homes, if their home […]

TheStreet.com - Senior Housing Not Affected By Credit Crunch?

October 8th, 2008 · No Comments

TheStreet.com posted a video interview with Granger Cobb, CEO of Emeritus Corp. and he tries to explain why he thinks the senior housing business is ignoring the market’s turmoil. The piece discusses that Emeritus is only down 5% this year, which is better than the broader market. Cobb states that moves by seniors into their […]

David Cutler Group Opens Montgomery Walk and Stony Creek Farms

October 2nd, 2008 · No Comments

New and prospective buyers joined David Cutler Group representatives yesterday celebrating the grand opening of Montgomery Walk, one of two active adult communities nestled in the woodlands of Montgomery Township and Worcester Township. The development marks David Cutler Group’s first project delivery in the active adult community living market. David Cutler Group’s grand opening celebration […]

Latest Existing Home Sales Numbers: Seniors (and everyone) Aren’t Selling Quickly

September 30th, 2008 · No Comments

Last week the National Association of Realtors released its existing home sales number for August and it showed that sales of existing homes fell 2.2% in August from the previous month and that the median home price was $203,100 in August, down 9.5% from the year before. 10% decline from last year on a national […]